PAGE  1
000 B000000 12/31/2005
000 C000000 0000831655
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000 I000000 6.1
000 J000000 A
001 A000000 MASSMUTUAL PARTICIPATION INVESTORS
001 B000000 811-5531
001 C000000 4132261000
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002 B000000 SPRINGFIELD
002 C000000 MA
002 D010000 01115
002 D020000 0001
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007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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008 B000001 A
008 C000001 801-241
008 D010001 SPRINGFIELD
008 D020001 MA
008 D030001 01115
008 D040001 0001
012 A000001 SHAREHOLDER FINANCIAL SERVICES, INC.
012 B000001 84-1817
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
012 C040001 3673
013 A000001 KPMG LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
013 B040001 2371
      PAGE  2
015 A000001 CITIBANK, N.A.
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10043
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000    2
019 C000000 CIPIINVEST
020 A000001 ALLEN & CO.
020 B000001 13-4132953
020 C000001      4
020 A000002 LAZARD LTD.
020 B000002 98-0437848
020 C000002      3
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003      1
020 A000004 MERRILL, LYNCH, PIERCE, FENNER & SMITH
020 B000004 13-5674085
020 C000004      1
020 A000005 FIRST BOSTON CORP.
020 B000005 13-5659485
020 C000005      0
020 A000006 SOUTHCOAST CAPITAL CORP.
020 B000006 72-1164960
020 C000006      0
020 A000007 SALOMON SMITH BARNEY HOLD INC.
020 B000007 11-2418191
020 C000007      0
020 A000008 STATE STREET BANK
020 B000008 04-1867445
020 C000008      0
020 A000009 JP MORGAN CHASE
020 B000009 13-4994650
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020 A000010 SPEAR LEEDS & KELLOGG, LP
020 B000010 13-5515460
020 C000010      0
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022 B000001 13-5108880
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      PAGE  3
022 C000003     76804
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022 B000004 13-5659485
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022 D000004      1003
022 A000005 SALOMON SMITH BARNEY HOLD INC.
022 B000005 11-2418191
022 C000005     43418
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022 A000007 KBC FINANCIAL SERVICES
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022 C000007         0
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022 A000008 HKW & COMPANY
022 B000008 13-1769063
022 C000008      1800
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022 A000009 CONSOLIDATED FOUNDRIES HOLDINGS
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022 A000010 COREPHARMA LLC
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024  000000 Y
025 A000001 LAZARD GROUP LLC
025 B000001 51-0278097
025 C000001 D
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025 A000002 DELETE
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      PAGE  4
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      PAGE  5
045  000000 Y
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047  000000 Y
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048 C020000 0.000
048 D010000        0
048 D020000 0.000
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048 E020000 0.000
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048 F020000 0.000
048 G010000        0
048 G020000 0.000
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049  000000 N
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      PAGE  6
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      PAGE  7
070 G020000 N
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070 I010000 N
070 I020000 N
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070 K010000 N
070 K020000 N
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      PAGE  8
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      PAGE  9
077 Q030000 N
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080 A000000 NATIONAL UNION FIRE INS. CO. OF PITTSBURGH PA
080 B000000 NONE
080 C000000     1275
081 A000000 Y
081 B000000   1
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
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086 A020000    927
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 SHARES OF BENEFICIAL INTEREST
087 A020000 576299101
087 A030000 MPV
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   CHARLES C. MCCOBB, JR.
TITLE       V.P. AND C.F.O.

                           EXHIBIT INDEX TO FORM N-SAR
                        OF MASSMUTUAL CORPORATE INVESTORS
                    FOR ANNUAL PERIOD ENDED DECEMBER 31, 2005


EXHIBIT NO.                   DESCRIPTION

77B               Accountant's Report on Internal Controls

77C               Matters Submitted to Vote of Security Holders

77E               Legal Proceedings

77Q1(e)           Copies of any New or Amended Registrant Investment Advisory
                  Contracts

77Q2              Information Called for by Item 405 of Regulation S-k